Recording of the date of receipt of cheque on the chalan tendered for payment of any direct tax - Income Tax - 261/1979

Recording of the date of receipt of cheque on the chalan tendered for payment of any direct tax Circular 261 Dated 8/8/1979 To Punjab Haryana Delhi, Chamber of Commerce and Industry, 9-A, Connaught Place, New Delhi. Dear Sir, Subject: Recording of the date of receipt of cheque on the chalan tendered for payment of any direct tax. I am directed to refer to your letter No. Fin/11(C)/135 dated 4th January, 1979, on the above subject and to say that in terms of rule 80 of the Compilation of the Treasury Rules, if a cheque or draft tendered in payment of Government dues and accepted under the provisions of rule 79 (ibid) is honoured on presentation the payment is deemed to have been made on the date on which it was handed over to the Government bankers. The need to indicate, on the chalan, the date of tender of the cheque/draft with the authorised public sector bank was duly taken notice of by the Central Board of Direct Taxes and, at the request of the Board, the Reserve Bank of India issued instructions to all the authorised public sector banks in November, 1977, stipulating that the receiving branch should brand either an inward stamp of receipt as soon as the chalan is tendered over the counter, or a date stamp with provisions for two dates, i.e., the date of tender and the date of the realisation of the cheque. The specimen of the date stamp is as under: "Date of tender.............................. Received payment Rs. ........................... Rupees....................................... Date of realisation.......................... For.................................Bank Authorised Signatory" 2. Apart from the above procedure the Central Board of Direct Taxes has revised the proformae of the various chalans and new chalan forms with colour bands are being progressively used to replace the existing ones. The new chalans for the payment of self-assessment tax have already been introduced from 1-4-79, and it will be noticed therefrom that the counterfoils of the chalan meant both for the ITO and the taxpayer contain separate columns for recording the date of tender of the cheque and date of its realisation. The other chalan forms which are being introduced shortly, also contain similar columns. 3. In view of the foregoing, it is hoped that there will be no difficulty in recording on the chalan, the date of tender of the cheque/draft by the branch of the authorised public sector bank where it is tendered for payment of any of the direct taxes. Yours faithfully, (Sd.) S.R. Wadhwa, Secretary, Central Board of Direct Taxes.